By Walter Bianchi and Horacio Soria BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate slowed to 4.9% in November, undershooting forecasts, a silver lining for the South American[...]
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December 15, 2022
U.S. retail sales post biggest drop in 11 months; labor market tight
By Lucia Mutikani WASHINGTON (Reuters) -U.S. retail sales fell more than expected in November, but consumer spending remains supported by a tight labor market, with the number of Americans filing for[...]
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Factbox-Chinese companies added to U.S. entity list
WASHINGTON (Reuters) – The Biden administration on Thursday added Chinese memory chipmaker YMTC and 21 “major” Chinese players in the artificial intelligence chip sector to a trade b[...]
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Colombia to hike minimum monthly wage by 16%
BOGOTA (Reuters) – Colombia’s minimum wage will increase by 16% in 2023, President Gustavo Petro said on Thursday, higher than the previous wage hike. The minimum wage will rise to 1.16 mi[...]
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Oil prices slid 2% as dollar firms and central banks hike interest rates
By Scott DiSavino NEW YORK (Reuters) -Oil prices slid about 2% on Thursday as traders worried about the fuel demand outlook due to a stronger dollar and further interest rate hikes by global central b[...]
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EU leaders seek proposals by end of January on preserving industry
BRUSSELS (Reuters) – EU leaders called on the European Commission on Thursday to present proposals by the end of January to preserve European industry that is under threat from higher energy pri[...]
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Ericsson sees margin at lower end of target, pushes for cost cuts
By Supantha Mukherjee, Niklas Pollard and Martin Coulter LONDON/STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson said on Thursday it would reach the lower end of its long-term targ[...]
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JPMorgan lifts ECB ‘terminal’ rate forecast to 3.25% from 2.50%
LONDON (Reuters) – Investment bank JPMorgan ramped up its forecast on Thursday for how high euro zone interest rates will go to 3.25% from 2.50%, after the European Central Bank vowed to keep ra[...]
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ECB’s Lagarde offers back-to-back rate hikes to woo dissenters
FRANKFURT (Reuters) – European Central Bank President Christine Lagarde offered fellow policymakers back-to-back interest rate hikes worth 50 basis points each to secure a majority for Thursday[...]
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